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Regulatory burden on Nonprofits is not the main issue with evaluating equity grants

Nonprofits working with DEED on equity programs have expressed dissatisfaction with DEED`s regulatory burden. Organizations like EMERGE have faced issues with government overreach, punitive oversight and inconsistent expectations of what their grants are supposed to achieve. In 2017 legislature approved funding for Equity programs, aimed to provide workforce programs for people of color, most of which was awarded directly by legislature. The rest was distributed by DEED through a series of competitive grants. Grantees have faced the majority of regulatory burden with accountability measures. Even though accountability measures present a hurdle, especially to small nonprofits, big organizations face no issues issue with...

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What needs to be understood about price control schemes, including minimum wage laws – They never work

It should not come as a surprise that a local St. Paul institution is citing the $15 minimum wage law as one of its reasons for going out of business. High operating costs are inevitable for businesses operating in areas with a high minimum wage. With that comes cutting hours, laying off people or going out of business. That reality has always been the same throughout history; controlling prices, wages included, leads to negative consequences. As early as 4000 years ago, the Babylonians had the code of Hammurabi, which had stipulations of wage control and other price control measures. Among other laws,...

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With manufacturing slowing, Minnesota’s uncharacteristically low taxes on manufacturers are more important than ever

Manufacturing in Minnesota is a bit of a success story and much of that is down to lower than average taxes. They helped the state weather the 'China Shock' comparatively well and they can help insulate our state's manufacturers from any economic downturn. ...

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Minnesota’s unemployment rate is down from July to August, but the number of people unemployed is up 20% over the year

Over the last year, Minnesota's working age population has grown faster than that of the United States generally, but employment has increase more slowly. As a result, while the number of unemployed rose across the country by 1.3%, in Minnesota it increased by 20.1%. ...

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